Vaughan Nelson Investment Management L.P. Invests $11.85 Million in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Vaughan Nelson Investment Management L.P. bought a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 141,805 shares of the technology company's stock, valued at approximately $11,845,000. Vaughan Nelson Investment Management L.P. owned about 0.06% of SS&C Technologies at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Boston Partners increased its position in shares of SS&C Technologies by 283.1% during the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock worth $400,161,000 after acquiring an additional 3,901,227 shares in the last quarter. Norges Bank bought a new stake in SS&C Technologies during the 4th quarter worth approximately $205,475,000. Bank of America Corp DE increased its holdings in SS&C Technologies by 64.9% during the 4th quarter. Bank of America Corp DE now owns 2,235,142 shares of the technology company's stock worth $169,379,000 after purchasing an additional 880,058 shares in the last quarter. Senator Investment Group LP raised its stake in shares of SS&C Technologies by 133.7% in the fourth quarter. Senator Investment Group LP now owns 1,519,175 shares of the technology company's stock worth $115,123,000 after purchasing an additional 869,175 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of SS&C Technologies by 52.4% in the fourth quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company's stock valued at $172,038,000 after purchasing an additional 780,616 shares in the last quarter. Institutional investors own 96.95% of the company's stock.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, Director Jonathan E. Michael bought 2,700 shares of the stock in a transaction on Thursday, May 1st. The shares were acquired at an average price of $75.53 per share, with a total value of $203,931.00. Following the acquisition, the director now directly owns 72,776 shares of the company's stock, valued at $5,496,771.28. The trade was a 3.85% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Jay Zamkow sold 12,500 shares of SS&C Technologies stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total value of $999,000.00. Following the completion of the transaction, the director now owns 12,476 shares of the company's stock, valued at approximately $997,081.92. This trade represents a 50.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SSNC shares. Raymond James Financial lowered their price target on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $86.00 target price (down previously from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. Wall Street Zen upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Needham & Company LLC reduced their price objective on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, DA Davidson cut their target price on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $91.86.

SS&C Technologies Stock Performance

Shares of SSNC stock traded down $0.31 during trading hours on Thursday, hitting $79.48. 949,160 shares of the company were exchanged, compared to its average volume of 1,316,728. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $19.60 billion, a price-to-earnings ratio of 24.68 and a beta of 1.24. The firm has a fifty day simple moving average of $78.36 and a 200 day simple moving average of $79.81. SS&C Technologies Holdings, Inc. has a 52-week low of $61.13 and a 52-week high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.03. SS&C Technologies had a return on equity of 18.68% and a net margin of 13.69%. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.25 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.26%. SS&C Technologies's payout ratio is 31.06%.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.